Thomasville National Bank grew its position in shares of International Business Machines Co. (NYSE:IBM) by 31.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,308 shares of the technology company’s stock after buying an additional 788 shares during the quarter. Thomasville National Bank’s holdings in International Business Machines were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Wealth Alliance lifted its holdings in International Business Machines by 12.7% in the 3rd quarter. Wealth Alliance now owns 6,327 shares of the technology company’s stock worth $770,000 after purchasing an additional 712 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in International Business Machines in the 3rd quarter worth approximately $1,073,000. OLD Mission Capital LLC bought a new position in International Business Machines in the 3rd quarter worth approximately $246,000. Lombard Odier Asset Management Switzerland SA bought a new position in International Business Machines in the 3rd quarter worth approximately $804,000. Finally, Te Ahumairangi Investment Management Ltd bought a new position in International Business Machines in the 3rd quarter worth approximately $8,393,000. Institutional investors and hedge funds own 55.67% of the company’s stock.
Separately, Morgan Stanley boosted their price objective on International Business Machines from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $139.77.
International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, January 20th. The technology company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.28. International Business Machines had a return on equity of 48.69% and a net margin of 10.53%. The business had revenue of $20.37 billion for the quarter, compared to analyst estimates of $20.59 billion. During the same quarter in the prior year, the firm posted $4.71 earnings per share. On average, equities research analysts predict that International Business Machines Co. will post 8.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 10th were issued a $1.63 dividend. The ex-dividend date was Tuesday, February 9th. This represents a $6.52 dividend on an annualized basis and a yield of 4.83%. International Business Machines’s dividend payout ratio is presently 50.90%.
International Business Machines Profile
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in health, financial services, supply chain, and asset management, weather, and security software and services application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission critical on-premise workloads in banking, airline, and retail industries.
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